Global Market: Zhongji Innolight raises $6.81 billion in

Chinese optical components maker Zhongji Innolight has priced its Hong Kong share sale at HK$980 per share, raising HK$53.41 billion in the city’s largest equity offering in nearly seven years. The AI infrastructure supplier plans to use the proceeds for R&D, manufacturing expansion and acquisit

Shares of Hindustan Unilever dipped more than six percent after first-quarter earnings reports revealed an unexpected dip in net profit by three percent due to earlier tax credits. Yet, revenue from operations climbed ten percent year-on-year, totaling seventeen thousand crore rupees. The company's

A significant number of infrastructure projects, each exceeding Rs 150 crore, have encountered notable cost escalations. Out of 1,847 projects currently underway, many are at advanced stages of development. The Transport and Logistics sector takes the lead in project volume, while government reports

Adani Ports is weighing a bid for Associated British Ports in the UK. This acquisition would expand Gautam Adani's port empire significantly. Two Canadian pension funds are selling their controlling stake in Associated British Ports. Associated British Ports owns and operates twenty-one key ports ac

The government plans to develop 44 airports, including four hubs, to enhance international air connectivity under the Hub and Spoke model, aiming to make India a global aviation hub.